Core Scientific, Inc. Emerges from Chapter 11 with Strengthened Balance Sheet and Enhanced Competitive Position
Core Scientific, Inc. (CORZ)
Company Research
Source: Business Wire
The Company maintains its position as one of the largest bitcoin miners in North America; Announces new Board of Directors AUSTIN, Texas--(BUSINESS WIRE)--Core Scientific, Inc. ("Core Scientific" or the “Company”), a leader in bitcoin mining and infrastructure for high-value compute, today announced it has successfully completed its reorganization pursuant to Chapter 11 of the United States Bankruptcy Code. The Company emerges from Chapter 11 with a strengthened balance sheet and expects to commence the listing of its common stock, tranche 1 warrants and tranche 2 warrants on the Nasdaq Global Select Market under the symbols CORZ, CORZW and CORZZ, respectively, on January 24, 2024.Core Scientific is positioned as one of the largest bitcoin miners in North America, with specialized data centers in five U.S. states operating 724 megawatts of power. The Plan of Reorganization (“The Plan”) reduced Core Scientific’s debt by $400 million through the conversion of equipment lender and con
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CORZ
News
- Core Scientific to Expand its Denton, Texas Bitcoin Mining Data Center by 72 MegawattsBusiness Wire
- Core Scientific Files Registration Statement for Shares Held by Existing ShareholdersBusiness Wire
- Core Scientific Announces March 2024 Production and Operations UpdatesBusiness Wire
- Core Scientific, Inc. (NASDAQ: CORZ) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $5.00 price target on the stock.MarketBeat
- Core Scientific Announces Fiscal Fourth Quarter and Full Fiscal Year 2023 ResultsBusiness Wire
CORZ
Earnings
- 3/12/24 - Miss
CORZ
Analyst Actions
- 3/18/24 - HC Wainwright